50+ NU Vista Interview Questions and Answers

To calculate income for a customer not filing income tax return in business class, alternative methods can be used.

• Review bank statements and financial records to identify income sources and patterns

• Consider industry benchmarks and market research to estimate income

• Assess the customer's assets, investments, and property ownership to determine potential income

• Analyze the customer's business expenses and profit margins to infer income

• Request additional documentation such as inv...read more

Individuals with stable income, good credit score, and sufficient collateral are eligible for housing, mortgage, and other loans.

• Stable income is a key factor in loan eligibility

• Good credit score indicates creditworthiness and repayment capability

• Sufficient collateral provides security to the lender

• Other factors such as age, employment history, and debt-to-income ratio may also be considered

• Examples of collateral include property, vehicles, and investments

Small Finance Banks are specialized banks that provide financial services to the unbanked and underbanked sections of the society.

• Small Finance Banks were introduced by RBI in 2015 to provide financial inclusion to the unbanked and underbanked sections of the society.

• They offer basic banking services like deposits, loans, and payments to individuals and small businesses.

• They have a focus on microfinance and provide loans to small businesses and individuals who do not have acc...read more

Our bank stands out with its customer-centric approach, innovative products, and advanced technology.

• We prioritize customer satisfaction and tailor our services to meet their needs.

• We offer unique products such as mobile banking and online investment platforms.

• Our advanced technology allows for faster and more secure transactions.

• We have a strong focus on financial education and offer resources to help customers make informed decisions.

• Our bank has won several awards for our ...read more

The main thing in any valuation and technical report is accuracy.

• Accuracy is crucial in any valuation and technical report.

• The report should be based on reliable data and calculations.

• The report should be free from errors and inconsistencies.

• The report should be able to provide a clear and concise picture of the subject being evaluated.

• For example, in a credit report, accuracy is important in determining the creditworthiness of the borrower.

13 years flow is mandatory for any legal report to ensure accuracy and completeness of information.

• The 13-year time frame is based on the statute of limitations for most legal claims.

• It allows for a comprehensive review of the borrower's credit history and financial behavior.

• It also helps to identify any patterns or trends in the borrower's creditworthiness.

• Examples of legal reports that require a 13-year flow include bankruptcy filings, tax liens, and civil judgments.

• The inf...read more

Housing loan is for purchasing or constructing a house, while mortgage loan is secured by a property as collateral.

• Housing loan is used for buying or building a house, while mortgage loan can be used for any purpose but is secured by a property as collateral.

• Housing loan is typically for a longer term and has lower interest rates than mortgage loan.

• Mortgage loan can be used to refinance an existing loan or to consolidate debt.

• Example of housing loan: SBI Home Loan. Example of...read more

The biggest issue faced by banks is managing risk and maintaining financial stability.

• Banks need to balance risk and reward while ensuring financial stability

• Regulatory compliance is a major challenge for banks

• Cybersecurity threats are increasing and banks need to invest in security measures

• Low interest rates and economic uncertainty can impact profitability

• Customer expectations are changing and banks need to adapt to new technologies and services

The legal report mandatory for EM creation is the credit report.

• The credit report is a detailed summary of an individual's credit history and financial behavior.

• It includes information on credit accounts, payment history, outstanding debts, bankruptcies, and other financial data.

• Lenders use credit reports to assess the creditworthiness of a borrower and determine the risk of lending money to them.

• The credit report is mandatory for EM creation as it helps the credit officer ma...read more

NPA percentage comparison between commercial banks and ESAF small finance bank.

• NPA stands for Non-Performing Assets.

• It is the percentage of loans that are not being repaid by borrowers.

• As of March 2021, the NPA percentage for commercial banks was 7.48%.

• ESAF Small Finance Bank had an NPA percentage of 2.83% as of March 2021.

• ESAF's lower NPA percentage can be attributed to their focus on lending to micro and small enterprises.

SLR, CRR, CAR, Repo and reverse repo are terms related to banking and finance.

• SLR stands for Statutory Liquidity Ratio and is the percentage of deposits that banks have to maintain in the form of liquid assets such as cash, gold, or government securities.

• CRR stands for Cash Reserve Ratio and is the percentage of deposits that banks have to keep with the central bank as a reserve.

• CAR stands for Capital Adequacy Ratio and is the ratio of a bank's capital to its risk-weighted as...read more

The LTV ratio as per RBI norms varies based on the type of loan and collateral.

• For home loans up to Rs. 75 lakh, the LTV ratio is 90%

• For loans above Rs. 75 lakh, the LTV ratio is 80%

• For loans against gold jewellery, the LTV ratio is 75%

• For loans against fixed deposits, the LTV ratio is 90%

• The LTV ratio is the ratio of the loan amount to the value of the collateral

• RBI periodically reviews and revises the LTV ratio norms

PD for street shops can be conducted through a combination of on-site visits, financial analysis, and market research.

• Conduct on-site visits to observe the shop's location, foot traffic, and overall appearance.

• Analyze the shop's financial statements, including income statements and balance sheets.

• Research the local market to understand competition and demand for the shop's products or services.

• Consider the shop owner's experience and reputation in the community.

• Use all of thi...read more

Handling HL and LAP products requires thorough knowledge of credit policies, risk assessment, and customer profiling.

• Understand the credit policies and guidelines of the organization

• Conduct a thorough risk assessment of the borrower and collateral

• Profile the customer to understand their financial background and repayment capacity

• Ensure timely disbursement and monitoring of the loan

• Maintain regular communication with the borrower to ensure timely repayment

• Take appropriate lega...read more

The income of a Kirana shopkeeper can be accessed through various methods.

• One can ask for the shop's financial statements and tax returns.

• One can also observe the shop's daily sales and estimate the income.

• Additionally, one can ask for references from suppliers or other business partners.

• Finally, one can conduct a credit check to determine the shop's creditworthiness.

• It is important to respect the shopkeeper's privacy and only access information with their consent.

To satisfy an unsatisfied customer, it is important to listen to their concerns, apologize for any mistakes, offer a solution or compensation, and follow up to ensure their satisfaction.

• Listen attentively to the customer's concerns and complaints.

• Apologize sincerely for any mistakes or inconveniences caused.

• Offer a suitable solution or compensation to address the customer's issue.

• Follow up with the customer to ensure their satisfaction and resolve any remaining concerns.

• Provi...read more

The income of a pandit can be calculated based on their profession and the services they provide.

• Calculate the fees charged by the pandit for various services like performing puja, conducting rituals, etc.

• Consider the number of clients the pandit serves in a month or year.

• Take into account any additional income sources like teaching or writing books on Hinduism.

• Compare the income with the average income of pandits in the area to determine if it is reasonable.

• Keep in mind that...read more

Incumbrance refers to a claim or lien on a property, while CERSAI is a central registry for security interests on movable assets.

• Incumbrance can be in the form of a mortgage, a lien, or a charge on a property.

• CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest of India.

• CERSAI is a government-owned company that maintains a central registry of security interests on movable assets.

• The registry helps lenders verify the security interest...read more

To acquire business from the market, one can use various strategies such as networking, marketing campaigns, offering competitive pricing, and providing excellent customer service.

• Build a strong network of contacts and establish relationships with potential clients.

• Implement effective marketing campaigns to create awareness about the business and its offerings.

• Offer competitive pricing and discounts to attract customers.

• Provide exceptional customer service to build trust and ...read more

CIBIL is a credit information company that maintains credit records of individuals and companies.

• CIBIL stands for Credit Information Bureau (India) Limited.

• It maintains credit records of individuals and companies, including their credit history, credit score, and creditworthiness.

• The credit score ranges from 300 to 900, with a higher score indicating better creditworthiness.

• Lenders use CIBIL reports to evaluate the creditworthiness of borrowers and make informed lending decis...read more

Look for a bank with convenient locations, competitive interest rates, low fees, and good customer service.

• Convenient locations for easy access

• Competitive interest rates for maximizing savings

• Low fees to minimize costs

• Good customer service for assistance when needed

Cross selling in a branch involves promoting and selling additional products or services to existing customers.

• Identify customer needs and preferences

• Offer relevant products or services

• Provide personalized recommendations

• Train staff on cross selling techniques

• Track and measure cross selling success

• Examples: Offering insurance products to gold loan customers, suggesting investment options, promoting credit cards or savings accounts

Underwriting is the process of evaluating the risk of lending money to a borrower.

• Underwriting involves analyzing the borrower's creditworthiness, financial history, and ability to repay the loan.

• The underwriter also assesses the value of the collateral, if any, that the borrower is offering to secure the loan.

• Based on this analysis, the underwriter decides whether to approve or deny the loan, and what terms and conditions to offer if approved.

• Underwriting is a critical funct...read more

I source files from market by networking and researching online.

• Networking with industry professionals

• Researching online for relevant sources

• Attending industry events and conferences

• Building relationships with vendors and suppliers

• Utilizing trade publications and directories

Team handling involves managing and leading a group of individuals towards a common goal. Setting up branch premises includes designing the layout, ensuring functionality, and creating a welcoming environment.

• Team handling involves assigning tasks, providing guidance, and fostering a positive work culture.

• Setting up branch premises includes coordinating with vendors, ensuring compliance with regulations, and optimizing space utilization.

• Examples: Conducting team meetings, org...read more

Yes, I sustain by constantly adapting to market changes, staying updated on industry trends, and building strong relationships with clients.

• Adapting to market changes by diversifying services or products

• Staying updated on industry trends through continuous learning and networking

• Building strong relationships with clients to retain business and attract new opportunities

A successful Branch Banking Officer needs to have strong communication skills, financial acumen, customer service orientation, and attention to detail.

• Excellent communication skills to interact with customers and team members

• Financial acumen to understand and analyze financial statements and market trends

• Customer service orientation to provide exceptional service and build relationships

• Attention to detail to ensure accuracy in transactions and compliance with regulations

Small Finance Bank is a type of bank that focuses on providing financial services to the unbanked and underbanked sections of society.

• Small Finance Banks were introduced by the Reserve Bank of India in 2015.

• They primarily serve the needs of small businesses, micro and small industries, and low-income households.

• These banks offer basic banking services like deposits, loans, and remittances.

• They also provide specialized services like microfinance, financial literacy programs, a...read more

I am responsible for managing currency and ensuring its security. Types of currency include paper money, coins, and digital currency.

• My role involves managing the circulation of currency and ensuring its authenticity

• I oversee the production and distribution of paper money and coins

• I also monitor the use of digital currency and ensure its security

• Types of currency include physical currency (paper money and coins) and digital currency (Bitcoin, Ethereum, etc.)

SFL follows a structured procedure from sourcing to disbursement.

• Sourcing of potential leads through various channels such as referrals, cold calling, and networking events.

• Qualifying leads based on set criteria to ensure they meet the company's requirements.

• Conducting thorough financial assessments and credit checks on qualified leads.

• Preparing and presenting customized loan packages to clients.

• Obtaining necessary documentation and completing paperwork for loan approval.

• Coor...read more

Clean not policy refers to a set of guidelines and procedures that ensure cleanliness and hygiene standards are maintained in a specific environment.

• Clean not policy outlines the expectations for cleanliness and hygiene in a particular setting.

• It includes rules and regulations regarding cleanliness practices, such as regular cleaning schedules, proper waste disposal, and personal hygiene.

• Examples of clean not policy can be found in industries like food service, healthcare, an...read more

I would approach a client by first researching their industry and needs, then reaching out with a personalized message to schedule a meeting.

• Research the client's industry and needs before reaching out

• Craft a personalized message highlighting how your product/service can benefit them

• Schedule a meeting to discuss further details and address any questions or concerns

Banking innovations and the role of executive trainees in banking

• Banking innovations refer to the introduction of new technologies, products, and services in the banking industry.

• Executive trainees play a crucial role in implementing and driving banking innovations.

• They are responsible for researching and analyzing market trends to identify potential areas for innovation.

• They collaborate with cross-functional teams to develop and implement innovative solutions.

• Executive train...read more

Types of banks include commercial banks, investment banks, and central banks. Golden principles of finance and accounting include prudence, consistency, and materiality.

• Types of banks: commercial banks, investment banks, central banks

• Golden principles of finance and accounting: prudence, consistency, materiality

• Commercial banks: provide services to individuals and businesses, such as accepting deposits and granting loans

• Investment banks: assist companies in raising capital th...read more

I have worked in the financial market.

• I have experience in trading stocks, bonds, and derivatives.

• I have worked with various financial instruments such as options, futures, and swaps.

• I have knowledge of market analysis and risk management strategies.

• I have worked with clients to understand their investment goals and provide suitable recommendations.

• I have experience in both domestic and international markets.

Branch operations refer to the day-to-day activities and tasks performed at a branch location of a company or organization.

• Branch operations involve managing customer transactions, handling cash, and ensuring smooth functioning of the branch.

• This includes opening and closing procedures, managing staff schedules, and overseeing customer service.

• Branch operations also involve monitoring and maintaining inventory, managing security measures, and implementing operational policies...read more

ESAF Bank is a small finance bank in India that focuses on providing financial services to the underprivileged sections of society.

• ESAF Bank is a small finance bank in India.

• It was established in 1992 as a non-banking financial company (NBFC).

• In 2017, it received the license to operate as a small finance bank from the Reserve Bank of India.

• The bank primarily focuses on providing financial services to the underprivileged sections of society.

• It offers a range of banking product...read more

A savings account is a type of bank account that allows you to deposit money, earn interest on your balance, and withdraw funds when needed.

• Savings accounts typically offer lower interest rates compared to other types of accounts like CDs or money market accounts

• They are designed for storing money rather than for frequent transactions

• Some savings accounts may have minimum balance requirements or monthly fees

• Interest earned on savings accounts is usually compounded either dail...read more

A current account is a type of deposit account that allows unlimited deposits and withdrawals, typically used for everyday transactions.

• Allows unlimited deposits and withdrawals

• Usually used for everyday transactions

• Does not typically earn interest

• May have fees associated with it

The number of customer assets and casa values are important metrics for a Gold Loan Officer to assess the financial stability and potential loan amount for customers.

• Customer assets refer to the total value of assets owned by a customer, including properties, investments, and savings accounts.

• CASA values stand for Current Account Savings Account values, which indicate the amount of money held in a customer's current and savings accounts.

• Analyzing the number of customer assets...read more

CASA stands for Current Account Savings Account. It is a type of bank account that allows customers to deposit and withdraw money as per their convenience.

• CASA is a combination of a current account and a savings account.

• It offers higher interest rates than a regular savings account.

• It is a low-cost source of funds for banks.

• CASA deposits are considered stable and can be used for lending purposes.

• Example: HDFC Bank's CASA ratio is around 40%.

Handling customers requires active listening, empathy, and problem-solving skills.

• Listen actively to understand the customer's issue

• Show empathy and acknowledge their frustration

• Offer solutions and follow up to ensure satisfaction

• Stay calm and professional, even in difficult situations

Utilize digital marketing strategies, expand online presence, collaborate with influencers, offer personalized services.

• Implement SEO strategies to improve online visibility

• Utilize social media platforms for targeted advertising

• Collaborate with influencers to reach a wider audience

• Offer personalized services to attract and retain customers

The candidate's banking experience and book size are important factors for the Branch Head and Manager role.

• Discuss the candidate's previous banking experience, including the roles and responsibilities they held.

• Highlight any experience in managing a book of business, including the size and complexity of the portfolio.

• Emphasize the candidate's ability to drive growth and profitability through effective management of the branch's book size.

• Provide specific examples of successf...read more

Casa account full form is Current Account Savings Account.

• Casa stands for Current Account Savings Account

• It is a type of bank account that combines the features of a current account and a savings account

• Casa accounts offer the benefits of both types of accounts, such as cheque facilities and interest on savings

The question is asking about the comparison between expectations and previous performance.

• Expectations refer to the desired outcomes or results that are anticipated in a given situation.

• Previous performance is a reflection of how well or poorly a task or goal was achieved in the past.

• By comparing expectations with previous performance, one can assess the gap between what was hoped for and what was actually achieved.

• This comparison can help identify areas for improvement or ad...read more